State Street's PRIV ETF Surges to $396M in Assets in One Day

The SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) has quintupled its assets in a single day, reaching $396 million. The fund, launched in partnership with Apollo Global Management, has primarily attracted investors due to its high performance and growing demand for private credit ETFs. As of February, PRIV had gathered $745 million in inflows since the start of the year and has outperformed 88% of its peers in its Morningstar category.